pages: CityCouncil/2007-07-18.pdf, 2
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CityCouncil | 2007-07-18 | 2 | structure and knowledge of who the financial partners are before the DDA process, including the reference to the 5% contribution relative to the DDA; 2) the liability of the acquisition price of $108.5M ; and 3) prohibiting transfers during the ENA period. At 9:50 p.m., Mayor/Chair Johnson called a recess so that the SunCal team could discuss these issues with their principals. The meeting reconvened at 10:22 p.m. Matt Fragner, with the Council's/Board's/Commission's approval, revised and recited the precise language modifying the three specific issues of the ENA. Councilmember/Boardmember/Commissioner deHaan motioned to approve the ENA with the modifications to the specific sections in the ENA. Motion was seconded by Vice Mayor/Boardmember/Commissioner Tam and passed by the following voice votes: 5 Ayes, 0 Noes, 0 Abstentions. ADJOURNMENT Meeting was adjourned at 11:27 by Mayor/Chair Johnson. Respectfully submitted, Irma Glidden ARRA Secretary Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment 2 Authority and Community Improvement Commission July 18, 2007 | CityCouncil/2007-07-18.pdf |